If you are planning for your next construction project, then turnkey solutions might be the best answer for you. A turnkey solution is a process in which the project is streamlined from the very beginning to the end. There are many more things which can be offered.
What is it?
When a contract is made by a company, the solution provider agrees to give building solutions and hand it over to the buyer, once it is developed, designed and fully equipped. The accountability for constructing the work is given by the owner to the solution provider. Any company, who gets into providing a turnkey solution, does it for a value which is agreed while the contract is made.
Basically, turnkey solutions in the construction business involves –
· Planning/Designing – Before moving into an apartment, the buyer has to make arrangements to hire a designer who can give a complete makeover to that house. But, in this part the solution provider is liable to design the area, which makes the prospect buyer’s life easy.
· Supplies – Here, the construction owner does not have to check on the supplies and run behind vendors to make it work. The solution provider makes all necessary arrangements and if need be takes suggestions from the prospect buyer for any specifications.
· Structure Creation/Building – Once the project owner has handed over the construction responsibility to the contractor, it is their duty to do everything from the scratch – whether it involves hiring workers and other contractors or anything else. The owner comes in picture only when the work is finished and the facility can be used by them without any hindrances.
When there are multiple constructions happening at the same time and the project owner is unable to give his attention to everything then, these types of solutions emerge as a saviour. The owners only have to take care of the initial permits and licence and give proper entry to the site. Everything else, from designing and supplies to construction etc., is taken care of by the solution provider.
The advantages of turnkey solutions –
These types of projects are beneficial for all the three parties – Project owner, Solution provider and the Prospect buyer.
· Budget friendly – Project owners work with the contractor who agrees to work on the value mentioned on the contract, which is mutually favourable for both of them.
· Saves time – When the project is given to a contractor, the owner has time in hand to expand his business and look at other areas as well.
· Hassle-free – As per the contract, everything except the permit and licensing is looked after by the contractor. The challenges are much lesser and the project runs smoothly.
· Expert knowledge – A contractor, who takes the ownership of providing a solution to a particular project, has all the expertise to take it ahead. They get in people who have sound technical knowledge about the work that they get into and that’s why they are the proficient in their field.
Most of the huge infrastructure projects which are funded by the government are handled and developed by turnkey solution providers. A private developer can handle all the aspects from land procurement, permits, plans etc.
Shapoorji Pallonji’s SP EPC (Engineering, Procurement & Construction) has proven engineering expertise and exemplary organisational infrastructure. Their solutions include overseeing every project end-to-end, right from conception to its implementation. Few of their succesful projects are –
· The largest turnkey Raw Material Handling Plants for Rourkela Steel Plant of SAIL
· F1 Race Track – Buddh International Circuit
· HCL Technologies – Bangalore
· Skyview Corporate Park – Gurgaon
· International Tech Park – Bangalore
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